Global Market Insights has released a report on the botulinum toxin market, predicting that it will reach a valuation of $6 billion by 2027.
The report separates the market by product, application, gender, age group, end-use, regional outlook, price trends, competitive market share and forecast.
The growing awareness of noninvasive aesthetic procedures will drive the market growth for botulinum toxin treatments.
High patient satisfaction rates will also assist in growth of the industry through the forecast timeframe. Furthermore, the introduction of new products will further boost product demand, thereby augmenting the market expansion in the coming years as well.
The aesthetic segment captured 42.1% of the botulinum toxin market share in 2020 alone.
Spa and cosmetic centers are estimated to attain a CAGR of 6.3% by 2027, due an to increasing number of spas and cosmetic centers coupled with rising demand for minimally invasive aesthetic procedures.
Asia Pacific botulinum toxin market is projected to reach $410.6 million by 2027 on account of the aging population, and the subsequent increase in demand.